Ethereum Classic Price Prediction for Today, February 6 – ETC Technical Analysis

The Ethereum Traditional worth prediction reveals that ETC is prone to head towards the higher boundary of the channel after a speedy retracement.

Ethereum Traditional (ETC): Exploring Upside Potential

In anticipation of a possible Ethereum ETF in Might 2024, Ethereum Traditional (ETC) emerges as a compelling selection on account of its potential for important worth actions. With a smaller market capitalization in comparison with Ethereum (ETH), Ethereum Traditional (ETC) presents higher potential for good points. The present worth of round $24.56 suggests the potential for an upward pattern continuation, supported by its resilience above the 38.20% Fibonacci stage at $23.24.

Ethereum Traditional Prediction Statistics Knowledge:

Ethereum Traditional worth now – $24.5
Ethereum Traditional market cap – $3.6 billion
Ethereum Traditional circulating provide – 145.4 million
Ethereum Traditional whole provide – 210.7 million
Ethereum Traditional Coinmarketcap rating – #28

ETC/USD Market

Key Ranges:

Resistance ranges: $30, $32, $34

Help ranges: $19, $17, $15

ETC/USD is presently recovering above the opening worth of $24.2 and it’s prone to climb above $25 quickly if the bulls improve the shopping for stress. In the meantime, the Ethereum Traditional worth is prone to cross above the 9-day and 21-day transferring averages for bulls to dominate the market.

Ethereum Traditional Worth Prediction: ETC May Hit $25 Degree

The Ethereum Traditional worth could cross above the 9-day and 21-day transferring averages to proceed the bullish motion. Nevertheless, if ETC/USD breaks towards the higher boundary of the channel, it may go to an essential resistance at $26. Nevertheless, a profitable break above this stage may open one other improve above the $28 stage. The value is prone to rise towards the $30, $32, and $34 resistance ranges within the subsequent optimistic course.

However, because the 9-day MA hovers above the 21-day MA, the market could quickly break to the upside however sliding towards the decrease boundary of the channel may contact the $22 help. The subsequent main help is beneath the decrease boundary of the channel, the place the bulls are prone to take a robust stand however any additional losses may lead the value to $19, $17, and $15 help ranges.

ETC/BTC Consolidates Inside the Channel

In opposition to Bitcoin, the Ethereum Traditional worth is now hovering beneath the 9-day and 21-day transferring averages, aiming to go towards the higher boundary of the channel. In the meantime, the market worth could stay beneath the transferring averages if the bears improve the stress but when the 9-day MA crosses above the 21-day MA, this could possibly be a bullish motion affirmation.

Nevertheless, if the value breaks towards the higher boundary of the channel, bulls would possibly push the market again to the resistance stage of 7500 SAT. Furthermore, if the value stays above this stage, merchants could count on an instantaneous resistance at 7700 SAT and above. However, sliding beneath the decrease boundary of the channel could find the help stage at 4100 SAT and beneath.

However, whereas indicators recommend a promising future, @EtcHebeBlock, sharing insights together with his 10k+ followers on X (previously Twitter), stays optimistic concerning the coin’s potential for a 100x improve in Whole Worth Locked (TVL). Regardless of ETC’s present market capitalization of $3.6 billion, the TVL stands at $710,996, indicating important room for progress.

The present market capitalization of ETC is $3.585 billion, however the TVL is $710,996.

We imagine there’s nonetheless a 100x potential for TVL progress.#ETCArmy #ETC $ETC #EthereumClassic pic.twitter.com/ychxGky1jK

— HebeSwap (@EtcHebeBlock) February 4, 2024

Ethereum Traditional Alternate options

The Ethereum Traditional (ETC) worth is poised to surpass key transferring averages, doubtlessly dealing with resistance close to $26. A breakthrough above this stage may result in additional good points above $28. Nevertheless, Ethereum Traditional demonstrates market energy with a $3.6 billion market cap. In the meantime, Bitcoin Minetrix ($BTCMTX) exhibits promising potential with a presale valuation of $10.3 million, indicating robust investor confidence in its future progress.

Bitcoin Minetrix ICO Reaches $10M Milestone: May This Be the Subsequent Crypto Gem with 10X Potential?

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